Industrial Engineering support for emerging business

Abstract

According to FutureWorld (see http://asp.futureworld.co.za) the past two decades have seen three major revolutions transforming world markets. The combination of globalisation, new management thinking and technology creates vast new open deregulated markets, wired together by a converging information highway. New and transformed organisations are emerging as leaders as they re-write the rules of business. The South African business environment is currently faced with enormous changes, brought about by new technologies and the quest for global competitiveness. This paper presents established and new disciplines required to deal with emerging business models as seen from an industrial engineering perspective.